The 15-year fixed rate also ticks down, averaging 5.71%.
Debt Instruments
15-year fixed-rate mortgage averages 5.72% as both rates remain below year-ago levels of 6.76% and 5.89%.
15-year rate climbs to 5.64% as purchase applications jump 20% above year-ago levels.
The weekly survey also shows the 15-year fixed rate averages 5.58%.